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The report comes at a time when the UW is fighting for state funding. The report highlights key points about how the university is a money generator for the state, including how every dollar invested in the UW results in $22.56 for the state's economy.

In a blog post last week, outgoing UW President Mark Emmert opined that the university's impact goes far beyond the graduates it produces.

"The UW is a vitally important economic engine for the state of Washington and plays a crucial role in keeping our region competitive in the global economy," he wrote in the post.

It continued: "Yet many Washingtonians don't realize the full extent of the impact our university has on their own financial well-being and quality of life."

The report, prepared by a Pittsburgh-based research group, says the UW has a $5.1 billion direct impact on the state.